Bloomin’ Brands (NASDAQ:BLMN) Shares Gap Down After Analyst Downgrade

Shares of Bloomin’ Brands, Inc. (NASDAQ:BLMN) gapped down before the market opened on Friday after JPMorgan Chase & Co. downgraded the stock from a neutral rating to an underweight rating. The stock had previously closed at $6.39, but opened at $6.03. JPMorgan Chase & Co. now has a $6.00 price target on the stock. Bloomin’ Brands shares last traded at $6.1150, with a volume of 211,578 shares.

A number of other research analysts have also weighed in on BLMN. Citigroup boosted their target price on Bloomin’ Brands from $6.75 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Bloomin’ Brands in a report on Friday, March 27th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $7.94.

Insider Buying and Selling at Bloomin’ Brands

In other Bloomin’ Brands news, Director Rohit Lal bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $5.69 per share, with a total value of $56,900.00. Following the acquisition, the director owned 30,156 shares of the company’s stock, valued at $171,587.64. The trade was a 49.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Institutional Trading of Bloomin’ Brands

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Bloomin’ Brands by 1.8% in the 4th quarter. State Street Corp now owns 3,400,106 shares of the restaurant operator’s stock valued at $20,979,000 after purchasing an additional 58,722 shares during the period. Millennium Management LLC boosted its stake in Bloomin’ Brands by 69.9% in the 3rd quarter. Millennium Management LLC now owns 2,590,098 shares of the restaurant operator’s stock valued at $18,571,000 after purchasing an additional 1,065,842 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Bloomin’ Brands by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,409,123 shares of the restaurant operator’s stock valued at $14,864,000 after purchasing an additional 269,746 shares during the period. Federated Hermes Inc. boosted its stake in Bloomin’ Brands by 115.9% in the 4th quarter. Federated Hermes Inc. now owns 2,064,940 shares of the restaurant operator’s stock valued at $12,741,000 after purchasing an additional 1,108,500 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Bloomin’ Brands by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 1,940,257 shares of the restaurant operator’s stock valued at $11,973,000 after purchasing an additional 213,932 shares during the period.

Bloomin’ Brands Price Performance

The company has a 50 day moving average of $6.00 and a 200-day moving average of $6.61. The firm has a market capitalization of $528.00 million, a P/E ratio of 61.56, a P/E/G ratio of 3.00 and a beta of 1.12. The company has a current ratio of 0.31, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34.

Bloomin’ Brands (NASDAQ:BLMN) last released its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $975.22 million during the quarter, compared to the consensus estimate of $980.64 million. Bloomin’ Brands had a return on equity of 26.26% and a net margin of 0.21%.The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Bloomin’ Brands has set its Q1 2026 guidance at 0.570-0.620 EPS and its FY 2026 guidance at 0.750-0.900 EPS. On average, sell-side analysts predict that Bloomin’ Brands, Inc. will post 0.85 EPS for the current year.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.